Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The December 31, 2018, balance sheet of Whelan, Inc, showed long-term debt of $1,385,000, $137.000 in
the common stock account, and $2,620,000 in the adoitional paid-in surplus account. The Deocember 31.
2019, balance sheet showed long-term debt of $1.550.000, $147,000 in the common stock account and
$2,920,000 in the additional paid-in surplus account. The 2019 income stalement showed an interest
expense of $92,500 and the company paid oul $142.000 in cash dividends during 2019. The fim's net
capital spending for 2019 was $930,000, and the fim reduced its net working capital investment by
$122.000.
What was the fem's 2019 operating cash fow, or OCF7 (A nogative answer should be indicated by a
minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of
dollars, rounded to the nearest whole number, eg. 1,234,567.)
Operating cash flow
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Transcribed Image Text:The December 31, 2018, balance sheet of Whelan, Inc, showed long-term debt of $1,385,000, $137.000 in the common stock account, and $2,620,000 in the adoitional paid-in surplus account. The Deocember 31. 2019, balance sheet showed long-term debt of $1.550.000, $147,000 in the common stock account and $2,920,000 in the additional paid-in surplus account. The 2019 income stalement showed an interest expense of $92,500 and the company paid oul $142.000 in cash dividends during 2019. The fim's net capital spending for 2019 was $930,000, and the fim reduced its net working capital investment by $122.000. What was the fem's 2019 operating cash fow, or OCF7 (A nogative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg. 1,234,567.) Operating cash flow
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